MMTC to tie-up with SBI to sell govt minted ‘Indian Gold Coin’ India’s largest public sector trading body MMTC(Metals and Minerals Trading goldCorporation ) tie-up with the State Bank of India (SBI) to sell government-minted Indian Gold Coin(24 Karat)which will be available in denominations of 5gm, 10gm and 20 gm bar. It has set a target of selling 5 lakhs units in the next few
years under Gold Monetisation Scheme which was launched in 2015 by PM Modi . The coin will be manufactured by Security Printing and Minting Corp and it is made from the yellow metal under Gold Monetisation Scheme of the Central government.
About Gold Coin :
The Gold coin is India’s first-ever sovereign gold offering and the only one to be hallmarked by Bureau of Indian Standards (BIS) for purity.
It is aligns with the ‘Make in India’ priority of the government.
The coin has the national emblem Ashoka Chakra engraved on one side and Mahatma Gandhi on the other side.
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